Gateway to Think Tanks
来源类型 | Report |
规范类型 | 报告 |
The Asian Financial Crises: Causes, Consequences and Contagion | |
Pierre-Richard Agénor; Marcus Miller; David Vines; Axel A. Weber | |
发表日期 | 1999-10-21 |
出处 | Cambridge University Press Books |
出版年 | 1999 |
语种 | 英语 |
摘要 | This conference volume was published under the auspices of the Global Economic Institutions project. This volume presents the first analysis, both theoretical and empirical, of the Asian Financial Crisis. It draws out the general lessons of an event whose potential long-term effects have been likened to the Crash of 1929. Part One presents a factual and analytic overview of what happened: the role of 'vulnerability'; the interconnection between currency crises and financial crises; and why crisis turned into collapse. Part Two considers more detailed issues, including: how the inflation of non-traded goods prices created vulnerability, welfare-reducing capital inflow owing to under-regulated financial markets; and the onset of speculative attacks. Part Three assesses the many aspects of contagion, including both the channels through which it occurs and the role of geographical proximity. Chapter 12 addresses policy issues. Joseph Stiglitz argues that there is much that can be done to reduce the frequency of crises, and to mitigate the severity of crises when they happen, and there is a comprehensive review of reform proposals. The volume finishes (Chapter 13) with a Round Table discussion of policy issues. |
URL | https://cepr.org/publications/books-and-reports/asian-financial-crises-causes-consequences-and-contagion |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529068 |
推荐引用方式 GB/T 7714 | Pierre-Richard Agénor,Marcus Miller,David Vines,et al. The Asian Financial Crises: Causes, Consequences and Contagion. 1999. |
条目包含的文件 | 条目无相关文件。 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。